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Sunday, June 27, 2021

If There Is One Metric That Best Measures US Economic Activity .... -- June 27, 2021

I've called attention to this for the past several weeks.

Gasoline demand, link here:

Now, today, more corroboratirve data:

US gasoline demand was down almost 2% the prior Friday and was down another 1% this most recent Friday vs the average of the last four Fridays. 
Demand this week is nearly guaranteed to be lower than last.

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